Home / News / Lender seeks balance of $26.4 million due from Masaschi, partner after foreclosure auction

Lender seeks balance of $26.4 million due from Masaschi, partner after foreclosure auction

The mortgage holder on Monarch 716, a repossessed student apartment community in Buffalo, is demanding that developers Thomas Masaschi and Jason Teller repay the balance of $26.4 million that was not recovered at an April foreclosure auction. Erie County state Supreme Court Justice Deborah Chimes has been asked to grant the $26.4 million judgment against Buffalo State ...

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